Thanks, Tim, for posting this. It seems to be a timely explanation.

I first heard about SDRs shortly after the 2008 debacle. The gold bugs and sound money guys were warning of the SDR's immanent unveiling.

But then no SDR events seemed to happen in these last 14 years. They must have been laying low, waiting for a more opportune introduction.

Perhaps SDR advocacy by an actual US Treasury Secretary, who happens to be also former Chair of our Federal Reserve, may be the straw that broke the Dollar's back.

Your explanation is quite helpful in my comprehending these long-strung-out developments.

Keep up the good reporting.

In Shakespeare's Hamlet, the main character--a nobleman of ages past-- is issued a mysterious warning by an old woman when she speaks a cryptic omen to him to the effect that his demise would not come until "Birnam Wood should come against (Macbeth's castle) Dunsinane."

In a later plot twist, a frightened servant reported that, while maintaing his vigilance or the surroundings, he thought he saw the woods of Dunsinane moving. Which was to say. . . enemy soldiers, camouflaged in woods greenery, were approaching the castle, Dunsinane.

In our present day, we may behold a similar plot unfolding as Bretton Woods doth move against the Moneygame.